No, accountholders are not required to undergo a new CIP process if they are an existing HSA accountholder on the OCA platform. CAPTRUST acts as investment advisor with respect to the investments available in your HSA. Data privacy and security practices may vary based on your use, region, and age. More information, including Brands Sold, Products Sold, Month in Operation, Provides Delivery, Pet Friendly and more. and will be executed in collaboration with OCA, the Administrator of your HSA. The notice will include information about the new terms and conditions governing their account including the new accountholder agreement. Were proud to offer the industrys most innovative healthcare payments platform, providing essential spending, saving and investing capabilities. With more than two decades of channel experience in the employee benefits and consumer-directed healthcare space, Melanie most recently served as chief growth officer at Elevate, a fast-growing developer of employee benefits technology. Start Your Free Trial No, while the HSA Custodian is changing, the Employer and Navias responsibilities as part of the agreement will remain the same. Through our partnerships with the industrys largest health plans, TPAs, human capital management (HCM) and financial services solution providers, Alegeus reaches more than 100 million consumers. CapFinancial Partners, LLC ("CAPTRUST") is an investment adviser registered under the Investment Advisers Act of 1940. And our unique partnership model empowers our clients to achieve outsized results growing their programs at a rate that is 3-4X the market, and with the highest net promoter scores (NPS) in the industry. The developer provided this information and may update it over time. We are always on the lookout for passionate and talented professionals that are seeking an adventure, not just a job. endstream
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As a matter of policy, BBB does not endorse any product, service or business. WealthCare Saver is a d/b/a of Alegeus Technologies, LLC, an Internal Revenue Service (IRS) authorized, nonbank, passive trustee operating as the custodian of HSAs. You may close this window or login again. As a rgion, it encompassed the eastern dpartements of Jura, Doubs, Haute-Sane, and the Territoire de Belfort. WealthCare Saver, a dba of Alegeus Technologies, LLC, is a licensed Non-Bank Custodian of HSA cash accounts. Please explore each tab on the site to get detailed information about the transition and the WealthCare HSA Saver product. We are working to minimize the impact of this transition as much as possible. Prior to Elevate, she served as chief growth and marketing officer at benefitexpress, which was acquired by Wex (NASDAQ: WEX), a leading global benefits company. All you need is an HSA cash account balance of $500. Enter the information below to create your account. Account APIs Manage all participant accounts, including adding/deleting employees, resetting passwords, and updating participant contact information. No, there will be no funds inaccessibility window to facilitate the custodial transition. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. Managing your benefit account (s). No, the investment threshold will not change on 3/13/21. Let us help Don't have an account? Copyright 2023 WealthCare. Investments funds will automatically be liquidated on October 24th. Enter your First and Last Name. In this video, we explain why Alegeus is committed to amplifying our partners' voices, values and brands. International Association of Better Business Bureaus. It keep shutting off the app when I hit the link to submit payment. No, accountholders debit cards will not change. Alegeus is headquartered in Waltham, Mass., with operations centers in Orlando and Bangalore, and a large remote workforce. If you've forgotten your password, please contact your designated Administrator to have your account password reset. Custodians typically perform functions such as producing required tax reporting, providing required account disclosures or communications, and establishing customer identification processes. Why? Alegeus, Alegeus Technologies, WealthCare, WealthCare Saver are registered trademarks of Alegeus Technologies, LLC. Corporate Relations Get the big picture on a company's affiliates and who they do business with. The health savings account (HSA) market has become increasingly complex and competitive in recent years. Need to file a complaint? Learn how Alegeus can help you unlock the full potential of your account-based programs through our flexible solutions, continuous innovation and collaborative partnership model. WealthCare Saver leverages all the current HSA functionality and features you know, but includes a fully integrated, modern investment experience. Before we get any deeper, its important we define and clarify the difference in what a custodian is versus, what a depository is responsible for. WealthCare Saver is a dba of Alegeus Technologies, LLC, an Internal Revenue Service (IRS) authorized, non-bank passive trustee operating as the custodian of health savings accounts. No spending freezes or funds inaccessibility windows during the transition. Contact Information 1601 Trapelo Rd Lbby 2 Waltham, MA 02451-7357 Get Directions Visit Website (800) 369-9794 This business has 0 reviews Customer Complaints 14 complaints closed in last 3 years 8.
Customers and members do not need to take any action and there is no impact to members enrolled in a 2021HSA plan or how they interact with their benefit or access their health savingsaccount: WealthCare Saver is a d/b/a of Alegeus Technologies, LLC, an Internal Revenue Service (IRS) authorized, nonbank, passive trustee operating as the custodian of HSAs. Our highly flexible, white-label platform powers a range of account-based programs, including those listed here. Alegeus is uniquely positioned to drive your future success Our innovative solutions deliver tangible value for you, your customers and members - delivering flexibility to design and deploy a truly differentiated product experiences that will delight your customers and achieve your business goals. IRS Chief Counsel issues memo reiterating FSA substantiation requirements, 101 Southhall Lane Suite 400Maitland, FL 32751, Copyright 2023 Alegeus Technologies, LLC. On March 13, 2021, WealthCare Saver a private-label HSA solution that is fully-integrated with our platform and is an IRS-authorized non-bank trustee will become the non-bank trustee of health savings accounts. We will be updating the impacted Health Spending Account member documents and forms and marketing materials on the member portal, the Marketplace, Broker Forms Online, Sales Portal and Employer Portal to reflect the WealthCare Saver name change by March13. Account holders will be directed to a new Terms and Conditions document in their letter and should also add WealthCare Saver as an approved sender to their email accounts to ensure any messages do not get automatically filed as junkmail. 9 See similar companies for insight and prospecting. In the midst of this race to zero, the WealthCare Saver HSA offers a truly different approach one that will fuel your business growth while providing more for account holders. Independence Blue Cross offers products through its subsidiaries Independence Hospital Indemnity Plan, Keystone Health Plan East and QCC Insurance Company, and with Highmark Blue Shieldindependent licensees of the Blue Cross and Blue Shield Association. WealthCare | Health Savings Accounts (HSA) for a healthy future The WealthCare Platform Accessible With WealthCare, access your latest account information at your fingertips.
Alegeus, the market leader in healthcare payment solutions, today announced the appointment of Melanie Hallenbeck as chief growth officer. Need to find a different location? 578 0 obj
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neither WealthCare Saver*, nor its affiliates, shall be held liable for any adverse consequences that may result. Add Company ID: I900808825 to your ACH Bank filters for HSA funding with your bank. This site requires javascript to display properly. I don't understand how it's acceptable to steal more than 80% of the account value for precisely zero service or benefits. These substantiation rules are longstanding, and there were no changes to the rules in the proposed regulations. Once the conversion is complete on November 4th, funds will be available after end-of-day processing, typically by 7pm CT. Account holders can use their existing card for all carded accounts with Navia, including their WealthCare Saver HSA funds. We are working to minimize the impact of this transition as much as possible. Administrator View customer accounts Employer View company and employee accounts Participant View account activity and balances Partner User View Partner user accounts Click here to download details: https://www.wealthcaresaver.com/docs/WealthCare_Saver_HSA_Investment_Options.pdf. No funds movement or transfer to facilitate the transition. hbbd```b``QA$D2"DV!f59jVaA"Hf foM0&1XN0lN,ay7A"zMch`g`3`yi3X/(Bg`` S"l
Current This content is restricted to site members. With more than 25 years of growth and innovation, Alegeus helps our clients (and their customers and participants) achieve new levels of success using account-based programs. To sequence and deliver quickly, well be transitioning to a non-bank trustee model. %%EOF
For information regarding underlying investment expenses, earnings, and distributions, see the applicable investment prospectus and other publicly available information. Backed by Pacific Life, the new option allows HSA account holders to take advantage of some of the highest interest rates in the market. CAPTRUST acts as investment advisor with respect to the investments available in your HSA. 1601 Trapelo Road | Main Building, Suite 301. In order to ensure our members are aware that WealthCare Saver will be administering their Independence HSA plans, members will be notified via mail at least 30days prior to the March13 effective date, as required. Using a powerful combination of AI technology, data insights, and subject matter expertise, we guide our users as they navigate their healthcare journey. This conversion period is scheduled to occur October 31, While account holders will be getting a new account number associated with their HSA, they will be able to access their Wealthcare Saver HSA using their same debit card. How BBB Processes Complaints and Reviews. Built by a deeply knowledgeable HSA and investment product team and powered by an API-driven, cloud-based brokerage platform the investment solution features auto-rebalancing, on-demand investment statements, historical performance of available funds, and an impressive investment stack: The WealthCare Saver HSA experience lives within a single platform for a seamless user experience. When you partner with Alegeus, we are wholly focused on your growth and success not just as your technology partner, but as your growth enabler. Review any internal documents or links you may have that reference Avidia. Complexity, Handled With the industry's most comprehensive API solution, Alegeus simplifies administration of even the most complex plan designs. 2021 Independence Blue Cross. Nothing about the day-to-day operation, employee account usage, or teams supporting the HSAs change. I understand that I may consult a tax professional or legal counsel. Alegeus is the market leader in SaaS-based benefit funding and payment solutions. Following these rules helps ensure compliance and reduces the risk of audits and penalties. Our highly flexible, white-label platform powers a range of account-based programs, including those listed here. She did not inform me that when I had my account closed and moved to Fidelity, which was finalized on April 10th, I would be charged an additional $25 for absolutely no reason. WealthCare Saver, a dba of Alegeus Technologies, LLC, is a licensed Non-Bank Custodian of HSA cash accounts. Please contact your Administrator for questions regarding access to this site or for questions about balances and statements. Registered in all 50 U.S. states. All rights reserved. Its critical all of value-add components of an HSA complement and build upon each other both in value to employees and sequentially as we work with our partners to build them. Ms. Nicole Gardner, Senior Director Compliance. Alegeus, the market leader in healthcare payment solutions, today announced the appointment of Melanie Hallenbeck as chief growth officer. There are also no spending freezes associated with this transition. As a benefits administrator, you may have found yourself competing against TPAs who bend the rules, or you may have gotten pushback from employers and brokers for simply following the rules as written. With WealthCare, access your latest account information at your fingertips. Learn how Alegeus can help you unlock the full potential of your account-based programs through our flexible approach, continuous innovation and collaborative partnership model. This app may share these data types with third parties, I barely downloaded the app yesterday registered and although I can see my account whenever I select the option (Investments) the app crashed and it does this every time. *WealthCare Saver is a dba of Alegeus . Read about trends and forces shaping the benefits landscape. Overview. This is an important period of time used to transfer over balances and audit to ensure accuracy. As a result, your employees HSAs will be migrated to our new WealthCare Saver HSA product. Effective March13, 2021, WealthCare Saver will assume custodial responsibilities for all Health Savings Accounts (HSAs) offered through Independence. The blackout period will run from October 31st to November 4th. WealthCare Saver is Anthem's New HSA Custodian January 8, 2021 / in Anthem, Carrier, Employee Benefits / by Cornerstone On March 13, 2021, WealthCare Saver will replace PNC Bank as the custodian of the HSAs for: Current Anthem members who are actively enrolled in an HSA-compatible health plan. Most notable during this transition is the fact that account holders will experience a 5-day conversion period while their HSA funds are liquidated and transferred. HSAs are becoming commodities, as administrators cut fees and sacrifice value to attract more clients. Read about trends and forces shaping the benefits landscape. BBB Business Profiles may not be reproduced for sales or promotional purposes. No changes or impact to debit cards, online/mobile apps, bill payment, etc. With more than two decades of channel experience in the employee benefits and consumer-directed healthcare space, Hallenbeck most recently served as chief growth officer at Elevate, a fast-growing developer of employee benefits technology. No changes to how you manage your HSA program. When will funds be available after the transition? WealthCare Savers Investment Solutions Flyer, WealthCare Savers Investment Solutions FAQ, Avidia Legal Account Holder Notifications, Scheduled Health Reimbursement Arrangement (HRA), https://www.wealthcaresaver.com/docs/WealthCare_Saver_HSA_Investment_Options.pdf. Developed by Alegeus, the WealthCare SMART App provides a single access point for members to manage their HSAs and other tax-favored benefit accounts. We deliver exceptional user experiences and differentiated capabilities that help our partners strengthen their product offerings, operate more efficiently, and unlock their full growth potential. App won't let me submit for reimbursement.
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